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Prime London Suburb Freehold Property with A1/A3 Planning

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Prime London Suburb Freehold Property with A1/A3 Planning Prime London Suburb Freehold Property with A1/A3 planning consent For sale with full vacant possession PRIME TRADING LOCATION ON GEORGE STREET OPPOSITE THE SOON TO BE DEVELOPED HOUSE OF FRASER DEPARTMENT STORE GEORGE STREET, RICHMOND, TW9 1JY INVESTMENT SUMMARY Richmond lies just 9 miles south west of Central London and is one of London’s most popular and prosperous boroughs offering a blend of urban and rural qualities in a major capital city. Affluent borough population of approximately 196,000 people. Thriving residential and tourist location served by National Rail and London Underground. 4.5m visitors to Richmond every year. Freehold. Benefit of a current A1/A3 planning consent. Prime trading location on George Street adjacent to Marks & Spencer, whilst in close proximity to Anthropologie, Jo Malone, Molton Brown and the House of Fraser department store which will be redeveloped into 22,000 sq ft of prime retail and 42,000 sq ft of grade A office accommodation. Potential to convert upper floor to residential and increase massing, subject to planning. Our clients are seeking offers in excess of £2,000,000 (Two Million Pounds) subject to contract and exclusive of VAT, which reflects a capital value of £321 per sq ft. RICHMOND GREEN GEORGE STREET A305 KING STREET HILL STREET A307 RED LION STREET A307 Gunnerbury M4 Park A4 A4 A4 S ME A A4 H A2 GEORGE STREET, RICHMOND, TW9 1JY T R 0 E 5 IV FULHAM R A316 Royal WWT Botanic London Gardens Wetland Kew Centre A316 d ichmond Rd A ham R Upper R 205 en ick Tw A3 A316 Rd LOCATION tsey RICHMOND Cher Rd on A214 Richmond sits within the London Borough of Richmond upon Thames, st ng located approximately 9 miles (14.5 km) to the south west of Central London. Ki Richmond 3 Richmond has excellent communication links, positioned within close Park A proximity of Junction 1 of both the M4 to the north east and the M3 to the Wimbledon & Putney Commons Wimbledon south west. These readily accessible motorways provide access to the M25 Park R to the west. The town is served by a mainline railway station, with a fastest o b i n H Royal journey time to London (Waterloo) station of approximately 20 minutes. 4 o Wimbledon 2 Richmond station is also serviced by the London Underground District Line. o Golf Club A d W Heathrow Airport is within 11 miles of Richmond, serving a wide variety of a KINGSTON y both domestic and international destinations. Bushy A WIMBLEDON Park UPON THAMES 3 A24 Hampton Court Park GEORGE STREET, RICHMOND, TW9 1JY DEMOGRAPHICS The London Borough of Richmond has a population of 196,000 persons (GLA 2015) and a compact primary catchment population of circa 106,000 which is supplemented by a thriving tourist industry, attracted by the shopping and bars, Richmond Park and the River Thames. Experian categorise 46.25% of the population (within the 15-minute drive-time) as being within the City Prosperity Mosaic grouping suggesting ‘high status city dwellers living in central location pursuing high reward careers’. The Richmond office sector is focused on media, technology and financial services. Ebay, Paypal, Gumtree and Graze are represented, earning the town the nickname, ‘Silicon on Thames’. RBS, British American Tobacco, Philip Morris & Company, Serco and GSA Capital are also major employers in the borough, while GlaxoSmithKline, BskyB and Samsung amongst others all have significant UK headquarters nearby. Richmond was voted London’s happiest place to live for the fifth year running by the Evening Standard Homes & Property 2019. GEORGE STREET, RICHMOND, TW9 1JY RETAILING IN RICHMOND Richmond is a busy and affluent commercial business centre with a unique national and independent retail offering. The prime retailing thoroughfare is located along the length of George Street and part of lower George Street, where major occupiers include Whole Foods, Marks & Spencer, Waterstone’s, H&M, Anthropologie, Zara Home, Ole & Steen and Tesco. The House of Fraser department store will close in September and will be remodelled by Canadian & Portland into a mixed use development with 22,000 sq ft of prime retail/leisure on the ground floor and basement and 42,000 sq ft of office accommodation on the upper floors. The town also has a particularly good range of quality fashion retailers including Joseph, The Kooples, Whistles, Gant, Jigsaw and Max Mara. Richmond has no managed retail floor space. The other main shopping streets in Richmond are The Quadrant and Hill Street, with the latter being primarily occupied by upmarket fashion retailers, restaurants and cafes. Richmond also benefits from a strong food and beverage provision, with representation including The Ivy, Gaucho, Franco Manca and Petersham Nurseries. IN GOOD COMPANY. RICHMOND HAS A SIGNIFICANTLY ABOVE AVERAGE VOLUME AND QUALITY OF RETAIL PROVISION. HAIR- DELI R FIRED EARTH DRESSE ESTATE AGENT TECHISM SSER AIRDRE ESTATE AGENT H VALERIE G IE IN PATISSER OFFICE AN CLE Y CE R I P D SHOP GENCO M E A F OF H AP C V AU E OFFIC E B Y S YS P HA RT HC P OFFICE O SP PSON KWIK TIM T& ND PR O LL LL UTY KA BEA HM LON C SA RI Y CARA EAUT B N T SALO TE TA AGEN OFFICE ES TION A T Y S GALORE TO CARDS KOOKS FICE OFFICE STREET OF ETON AGENTS ESTATE FICE F O AD TIONWIDE NA S A D E AV DWELLING E RADISE RO PA OFFIC CAFE ITSU K AD & CO & I OE KILL J ANDER THE JUICE SANT HALFORD RO S LLING WE LEON D FLORIST L& HAL VETTE A BU A MANGER L PRET E F EE CA Y S & BROMLE G S L SSEL DWELLIN INDER RU AILF NEW TR CHES STIT NT A AL AC COR V ALENE BEAUTY SALON MAGD Y P MAR T SHO S T OP RINCON F SH GI A ALON S BOOK Y R MB LA T AU N E A W B O E R AF CR C & & TERRACE RESSE CHURCH D COFFEE NGEL A HAIR HIPPO THE IE THE NEWB HAIRDRESSERS BARBERS KISS EW S CR ERIOR NT I INIC LTH CL HEA MAIL BOX T PHAN LE DRY CLEANING E THAI THAI VENCHI RAYGUN S DWELLING ESTATE AGENT AD VACANT BRIDAL SHOP ON RO AKEFIELD SAL HILLTREE W JEWELLER JEWELLER DE CHANGE ANNIA AU URE AR B BRIT BARBERS B SO TREET D S N ANIELI MI D GS C T AN NI AC V GA DWELLIN AL BOCCONDIVINO OR R ELLE W - JE CE SSER RE D Y GEORGE GEORGE HAIR OFFI ER LIL AT A W TASTE OF GUJARAT TERI LA GE ICE R OFF LE MATSUBA EWEL J IER AT COL CHO FICE OF ST REET FICE OF OR LICIT SO OFFICE RED LION AD ICE OFF LEWIS RO ICE OFF CENTRE ALTH CE HE OFFI OFFICE B LU C TH TH L EA H L HIL RICHMOND FICE RD YA CE OF OFFI TLE FICE CAS OF S BOWLEY S LUTIONS DWELLING FOOTSO NGARO S BOLO DRESSER TER TREVOR HAIR CKE EATY BETTY E CRI SW TH E CA O T DYS COFFE N MO UR GA EN CO SOLICITOR HEROES OLD W G ULO ID CL CAFE VEYOR F DAV SUR UF ST WN E WHIT O BR LTON MO NE E LO IR E TA TH S JO MA Y VOL R AR R TE D E & PRINCE’EA E CO H ELLER LL ER A SW RY W DIG G E EA SW E A L N DI R J EN Z N E M AL L AN L O B ME NT TG A S ER UR N AR D AR AC WE JE VERS V Z AN DI LI T T ’S AS Y TO MAR LIVING RT A O STUDI GREEN (To be redeveloped) CHANGO T TA T S T FER TIER E I UR A T A N L T O O C H O ET COBBLERS CH R EA AMAM E JO BLE ARC RICHMOND G & O S N EN AF NCER E ’ C C VED N B STREET . WA CA PA OFFEE HOP RES PIG C SHIP L.K AS / ER TE D CE CHES LL R KING MAT FI I WE F Z JE ELLE O U OL THE LUL JEW ZIZ GREY NAILED IT NAILED CAFE IRIS JEWELLER ENUE AV CE OFFI T EE F G G P SHO AKER PORTIN S T OK BO ANT UR A AESOP T S RE WHIT FISH ORIA TT A - TR RS HAIRSE ICE DRES F OF GS D AR N I SY L’ LL A E N H WE TC D I ST & OFFICE THER EA F CURZON S N’ S MA RM R A E AT W S G IN L EL DW GS N ELLI DW GEORGE STREET, RICHMOND, TW9 1JY SITUATION The subject property is located in a prime trading location, in the central section of George Street adjacent to Marks & Spencer and opposite the proposed House of Fraser department store redevelopment. DESCRIPTION The property currently comprises a retail unit arranged on ground and first floor and benefits from rear access from Red Lion Street. ACCOMMODATION The property is currently arranged on ground and first floor and comprises the following approximate net internal floor areas: Internal Width 40ft 5 inches 12.38 m Ground Floor Sales 3,239 sq ft 300.91 sq m Ground Floor ITZA 1,521.4 units First Floor Ancillary 2,986 sq ft 277.40 sq m Total 6,225 sq ft 578.31 sq m GEORGE STREET, RICHMOND, TW9 1JY TENURE Freehold.
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